How to negative sign preceding the number


The current sections of Leach Inc.'s balance sheets at Dec 31, 2010 and 2011, are presented here. Leach's net income for 2011 was $153,260. Depreciation expense was $23,900.

Item 2011 2010
Current assets
Cash 104880 99110
Accounts receivable 110070 89150
Inventory 158000 172470
Prepaid expenses 26610 21870
Total current assets 399560 382600

Current liabilities
Accrued expense payable 15350 4870
Accounts payable 85490 92300
Total current liabilites 100840 97170

Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended Dec 31 2011, using the indirect method. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. If amount decreases cash flow use either a negative sign preceding the number eg.-45 or parentheses eg (45).)

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Accounting Basics: How to negative sign preceding the number
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